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5 February 2018
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Britain politics (The Total Investment & Insurance Solutions)
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The European Union's Brexit negotiator warned Monday that the time has
come for the U.K. to clarify what relationship it wants with the bloc once it
leaves, and warned that exiting its customs union would hurt trade.
Michel Barnier shook his head as he outlined
the results of a meeting with the U.K. Brexit chief David Davis. With Britain
set for departure on March 29, 2019, Barnier said it was time for Britain to
decide whether it wants to remain in a customs union. The Total Investment & Insurance Solutions
"The time has come to make a
choice," he said.
Davis, by contrast, said the talks were
constructive and negotiations on the next stage were to be started right away.
The comments come after weeks of political
infighting within Prime Minister Theresa May's Conservative Party. The Total Investment & Insurance Solutions
May's party has been split between those who
want a complete break from the EU and those who want to keep Britain's economy
closely aligned with the bloc and its market of 500 million people. The Total Investment & Insurance Solutions
With only months before Britain is to go,
tensions in May's government have been escalating as the leadership tries to
determine its negotiating position. May has been under pressure to take sides
in the Conservative Party's civil war over how close the new relationship with the
EU should be.
On Monday, May's office underscored that
Britain will not remain in a customs union with the EU after the U.K. breaks
with the 28-nation bloc
Business leaders have been pleading with May
to have close alignment with the EU. Lawmaker Anna Soubry urged May to pay
attention, taking to Twitter to urge her to reject the so-called "Hard
Brexit" vision espoused by the European Research Group lawmakers, led by
Jacob-Rees Mogg, a prominent Brexiteer.
"It's deeply unattractive that the only
reason they want to leave #CustomsUnion is to chase unicorn trade deals,"
she tweeted.
The government position is important because
being part of the customs union affects how members trade with countries
outside it. Political leaders who pushed for Britain's exit pledged to strike
new trade deals with the United States and others. Such deals wouldn't be
possible while remaining in a customs union because the EU executive negotiates
trade deals on behalf of members of the bloc. The Total Investment & Insurance Solutions
Critics had hoped the matter would be
reconsidered as the negotiations move to the next phase.The Total Investment & Insurance Solutions
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